This video highlights the five major categories where retirees spend 80% of their income. The data is broken down by average dollar amount and percentage for easy comparison.

The video also gives 23 proven and easy ways to reduce spending in these categories, while at the same time maintaining approximately the same quality of life in retirement.

DATA
Bureau of Labor Statistics Survet of Consumer Finance, September 2022
https://www.bls.gov/cex/

Private Label Manufacturers Association
https://plma.com/

00:00 Introduction
03:52 Category 1
04:39 Category 2
05:17 The Single Most Important Thing to Know About Groceries
06:44 Why a Grocery List Alone Won't Work
12:20 Category 3
15:41 How to Pre-Plan for Emergency Room Visits
16:53 Category 4
22:34 Category 5

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https://HolySchmidt.com/Checklist/

Holy Schmidt Book Club:
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Important Links:

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Geoff's Facebook Page
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Federal Reserve Board Survey of Consumer Finances:
https://www.federalreserve.gov/econre...

Social Security Administration Application for Benefits
https://secure.ssa.gov/iClaim/rib

Current Social Security Cost of Living Adjustment
https://www.ssa.gov/cola/

Social Security Payment Estimator
https://www.ssa.gov/benefits/retireme...


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Disclaimer: this video is for educational and entertainment purposes only and is not meant to be a substitute for legal, accounting, tax, or professional advice. If you have any specific questions about any legal, accounting, tax or other professional service matter you should consult the appropriate professional services provider.